FOR SALE - ANY REASONABLE OFFER CONSIDERED · 5 Revere Drive • Northbrook, IL 60062 •...

5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com

JEFF [email protected]

ABRAHAM [email protected]

OFFERING SUMMARY

Price: $1,700,000

On-Site Inspections Upon Request

Lot Size: 1.42 Acres

Year Built: 1985

Building Size: 29,874 SF

Zoning: B-3: Community

Business

Market: Mobile

PROPERTY OVERVIEWFor sale, well located, revenue producing motel in Mobile, Alabama.

Recent updates to the property in the last year include, new roof and downspouts, exteriorpaint and wood repair, railings, pool pump, parking lot paced and striped, new 90’ sign,new building sign, new exterior building lighting, new door locks to all guest rooms, twonew front desk computers and two new back-office computers, new time clock, newphone system, new lobby lighting, all new guest room bathroom tiles, all new guest roomvanities, all new guest room 32” televisions, 60 new air conditioners, and a new laundrywasher.

The sale also includes the lot located in front of the motel, ideal for a restaurant or otherretail.

PROPERTY HIGHLIGHTS

• 3 Year Average Gross Room Revenue: $850,000

• Ideal Interstate 10 Visibility & Location

• Excellent Condition – Exterior Corridor

• Laundry facilities

• Free self-parking

• Elevator/lift

• Outdoor pool

• RV, bus, truck parking

FOR SALE - ANY REASONABLE OFFERCONSIDERED

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LOCAL INFORMATION

This well located property is situated by a high traffic corridor off of

I-10 (53,110 VPD). Mobile, one of Alabama's largest and most

vibrant markets, has a strong travel and tourism economy that

supports many local and national retailers.

Located in Mobile off Interstate 10, this motel provides easy access

to Hank Aaron Stadium, Bellingrath Gardens and Home, Dauphin

Island, Battleship USS Alabama, and the Magnolia Grove Golf

Course. Also included in the sale is the lot located in front of the

motel, which is ideal for a restaurant or other retail. This 98 room,

revenue producing, exterior corridor motel is in excellent condition

with an ideal location with excellent visibility.

TERMS OF SALE

EARNEST MONEY DEPOSIT: Interested parties are required towire-transfer, overnight, or submit via credit card a fully refundableinitial earnest money deposit of $10,000. If you are not the winningbidder your deposit will be returned to you. Wiring instructions areavailable for download at auctions.hilcoreal.com.

DUE DILIGENCE INFORMATION: A Virtual Data Room has beenset up and contains important due diligence information on theproperty. To gain access, buyers must register for an account atauctions.hilcoreal.com.

BUYER'S PREMIUM: A 6% Buyer’s Premium will be added to theHigh Bid Price.

Hilco Real Estate, LLC in cooperation with Ron Young, Inc. AL RealEstate Broker, Lic. #000107497

Note: The above information is subject to inspection andverification by all parties who are relying on it to formulate a bid. Noliability for its inaccuracy,errors, omissions, is assumed by theSeller or its agents.

TERMS OF SALE98-ROOM RODEWAY INN


FOR SALE - ANY REASONABLE OFFER CONSIDERED · 5 Revere Drive • Northbrook, IL 60062 •...

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